Government redesignates Korea development bank as public firms, brings them under scrutiny

GMT
06:08 2014
Friday ,24
January

Seoul - Arab Today

The government on Friday redesignated the Korea Development Bank (KDB) and Industrial Bank of Korea (IBK) as public firms, placing them under state inspection after their privatization plans were scrapped.
The Korea Exchange (KRX), the country's main bourse, stayed as a public institution despite its efforts to be delisted, mainly from criticism against its lax management, the finance ministry said.